HSBC mobile payment app launches through VocaLink partnership

HSBC mobile payment

Millions of the bank’s customers can soon use the Pay by Bank application to complete transactions. A new HSBC mobile payment services app will give access to first direct customers who want to use their smartphones to complete shopping transactions. It lets them use the banking app as a direct payment method for purchasing certain products and services in an online store. The HSBC payment app is the result of the financial institution’s partnership with VocaLink. VocaLink is a global company with partnerships including banks, governments and corporations. It launched…

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Mobile payments trends are seeing growth held back by biometrics

Mobile payments trends wallet

The technology to scan various body parts such as eyes and fingerprints may be too challenging to keep up. While it had looked as though mobile payments trends might have the potential to take off with rapid growth as more consumers look to their smartphones to replace their use of credit and debit cards, adoption has essentially flat-lined. This, despite the fact that industry giants such as Samsung and Apple have leapt into the market. Even with the best efforts of some of the largest tech giants in the world,…

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PayPal mobile payments roll out at Shell UK gas stations

Paypal mobile payments

Drivers will now be able to use their smartphones to pay when they fuel up at the pump. Drivers stopping at Shell UK service stations to fuel up will now be able to use mobile payments at the pump using their PayPal account in combination with the Shell Motorist app. Earlier this year, Shell said it would implement the service at the “vast majority” of its locations. In that statement, it said that the mobile payments service would roll out across most of its 1,000 stations throughout the United Kingdom.…

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QR codes based mobile payments app sends South African users above 2 million

payment fraudulent qr code

A range of applications based on quick response codes have made this tech very popular in that country. South Africa has experienced the introduction of a large and growing number of mobile payments apps that use QR codes in order to be able to help to complete transactions at retail stores by way of smartphones, and this has caused the barcodes, themselves, to experience a tremendous growth in that country. By the end of 2014, it is now believed that there were 2.1 million people using quick response codes in…

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Mobile wallets don’t feel as secure as Bitcoin to Americans

mobile wallets

A recent online survey revealed that consumers in the United States feel that cryptocurrency is safer. According to a recent survey of 1,400 online American customers, people are more comfortable with digital currencies such as Bitcoin than they are with mobile wallets and other types of payment app. The results of the poll were reported in the 2015 Future of Retail study by Walker Sands. The respondents to the survey were asked to rate the method of payments that they feel are the most secure. The majority of people who…

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Mobile payments security continues to be a major issue

Mobile commerce growth global world

Mobile wallets continue to gain momentum Mobile wallets are becoming more common as a growing  number of consumers begin to rely on their smartphones and other devices to pay for products. These applications are designed to store information provided by retailers and other businesses, making it easier for consumers to make mobile transactions. The issue, however, is that mobile commerce is becoming an attractive target for malicious groups that want to exploit consumer financial information. According to a recent survey from LexisNexis Risk Solutions, attacks on mobile payments platforms are…

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A Change of Pace: Four Online Payment Alternatives to Paypal

Mobile and online payment alternatives… Americans spent more than $2.25 billion online on the two shopping days known as Black Friday and Cyber Monday alone, according to ComScore. The market analysis company also found Americans spent $43.2 billion total online in Q2 2012. These numbers were music to the cyber-ears of electronic payment processor Paypal, one of the more popular payment processors on the web. But there are many people out there who simply dislike Paypal because of its success, its policies, or both. Thankfully there are several alternatives merchants and…

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Mobile commerce application from Zoompass purchased by Paymobile

mobile commerce app popularity - zoompass example

The acquisition is expected to have been made in order to broaden smartphone payments positions. Paymobile Inc., a mobile commerce company based in Toronto, Canada, and which also specializes in financial services technology, has just acquired Zoompass, to add to its broad range of virtual and open loop prepaid card programs. Zoompass is a service that was first launched by EnStream in 2009. It was designed as a smartphone and tablet based, payment service with stored value, and which also included links of companion contactless payment cards to matched accounts.…

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Latest mobile trends lead to development of seamless money exchange app

Mobile Money Exchange App - Venmo

  New application allows smartphone users to easily split checks. Social network, Venmo, has come up with a cutting edge solution that fits beautifully with the latest mobile trends for making payments and other forms of transactions using smartphones. It is designed to eliminate the frustrating problem that can occur among friends when a bill must be split. Traditionally, one person has to pay for the item – such as a meal at a restaurant or a wedding gift – and then the other individual(s) must make an effort to…

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Digital Dining announces new Tabbedout mobile payment solution for merchants

mobile marketing on tablets

Merchants can now offer Tabbedout mobile payments from Digital Dining to consumers who want to pay with their smartphones. Top hospitality point of sale (POS) software developer, Digital Dining, has announced that it will be adding Tabbedout – a free mobile payment application – to their portfolio of products before the end of 2012’s second quarter. Tabbedout allows consumers to use their smartphones to open, view, and pay their bills. Its availability will mean that a broader segment of the hospitality industry in the United States will be able to…

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PayDragon takes new approach to mobile commerce and payments to dodge lineups

Mobile-commerce-app

Get a pass to the head of the line with new mobile commerce app Startup company, PayDragon, has created an all new approach to mobile commerce and payments made using smartphones, which is designed to help consumers to avoid having to wait in line and to improve the overall experience of paying for a product or service. The lineup has been a major challenge in the development of payment technology, and even the latest in mobile payments have not managed to avoid this part of the shopping experience. Consumers resent having…

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